10:00: FHFA House Price Index (January): Still Weak. This index, which tracks the purchase price of homes with agency-conforming mortgages (i.e. it excludes homes with subprime and prime jumbo mortgages), has declined in six of the last seven months and is down 3.3% from a year earlier. Other measures of activity and prices in the housing market have disappointed recently, and we therefore expect that the trend in FHFA prices remains soft.Median forecast (of 17): -0.3%; last -0.3%.

10:00: Richmond Fed survey (December): Another healthy result. Like the other regional activity indexes, the Richmond Fed series has pointed to healthy growth among surveyed manufacturing firms in recent months. The positive results for the Philadelphia Fed and Empire State indexes released last week suggest the momentum continued in March. Lately the survey has also shown rising prices for inputs and completed products, which likely reflects the rise in oil and other commodity prices. The Richmond Fed survey contains a separate set of questions sent to firms in service-providing industries, which is one of the few direct measures of services activity in the monthly indicator cycle.Median forecast (of 10): +24; last +25.

For how long will Ben Bernochio print more money? Its like a game of Hot Potato. Bernanke throws the debt out to the primary dealers and they quickly toss it back when they've determined noone wants to buy it. A week later, same thing. Pretty soon there will be 100% return back to the fed from the pd's instead of 50%.

There may not be much in US figures today but the UK has had higher inflation figures yet again. Whilst many will not look beyond the headline CPI figure of 4.4% I notice that Notayesmanseconomics has and points this out.

If we for a moment look at our old inflation target of RPI-X we can see that it is indicating an even larger problem than that shown by the current measure. It was targetted to be 2.5% and today it is at 5.5% which is 3% over what was its target. I have long argued that it is a superior measure to Consumer Price Inflation and therefore it means that our inflation problem is worse than the already poor headline figure.

news out of fla..18% of homes are vacant in Fla..buy those reits ben's got yur back.

this recession has been over how long??

oh I forgot the recession on wall st and major bank centers is over..the main st little people are no longer relevant and are to stay quite and not make waves as they are targets for elimination. food will become the next weapon for the oligargy extinction plan.